Shree Marutinandan Tubes Limited IPO
Shree Marutinandan Tubes Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹143 per share. The stock debuted at ₹200, delivering a listing gain of 39.9%. The IPO had a lot size of ₹1000 shares and a minimum investment of ₹1,43,000.
Shree Marutinandan Tubes Limited IPO
- IPO Dates
- Jan 12, 2024 – Jan 16, 2024
- Price band
- ₹143 per equity share
- Minimum Investment
- ₹1,43,000
- Issue size
- ₹14.3 Cr
- Lot size
- 1000
- Allotment Date
- Jan 17, 2024
- Listing
- Jan 19, 2024
- Listing At
- BSE SME
IPO timeline
-
Jan 12, 2024
Open Date
Completed
-
Jan 16, 2024
Close Date
Completed
-
Jan 17, 2024
Allotment Date
Completed
-
Jan 19, 2024
Listing Date
Completed
Shree Marutinandan Tubes Limited IPO Essentials
Shree Marutinandan Tubes Limited IPO Details
Shree Marutinandan Tubes Limited IPO is priced at ₹143 per share with a total issue size of 14.3 crore. The IPO has a lot size of 1000 shares and is listed on BSE SME.
- Issue price
- ₹143 per equity share
- Lot size
- 1000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 1,000,000 shares(aggregating up to ₹14.30 Cr)
- Total issue size
- 10,00,000 shares
(aggregating up to ₹14.3 crore) - Fresh issue
- 10,00,000 shares
(aggregating up to ₹14.3 crore) - Listing at
- BSE SME
- List price
- 200.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Swastika Investmart Ltd
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,43,000 |
| Retail(max) | 1 | 1000 | ₹1,43,000 |
| NII (min) | 2 | 2,000 | ₹2,86,000 |
Shree Marutinandan Tubes Limited IPO Reservation
Shree Marutinandan Tubes Limited IPO reservation details show category-wise allocation of shares. Out of the total 1,000,000 shares, approximately 47.5% for retail investors, and 5% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 50,000 (5%) | |
| Retail Shares Offered | 475,000 (47.5%) | |
| Total Shares Offered | 1,000,000 (100%) |
Shree Marutinandan Tubes Limited IPO Analytics
Shree Marutinandan Tubes Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Shree Marutinandan Tubes Limited IPO Subscription Status
Shree Marutinandan Tubes Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 475,000 | 475,000 | 950,000 |
|
Day 1
12-01-24 06:00 PM
|
(3.67) x | 6.69 x | 5.18 x |
|
Day 2
15-01-24 06:00 PM
|
(9.71) x | 30.32 x | 20.02 x |
|
Day 3
16-01-24 06:00 PM
|
(34.73) x | 59.67 x | 47.20 x |
Shree Marutinandan Tubes Limited Valuations
Earnings
- EPS Pre IPO
- ₹6.39/-
- EPS Post IPO
- ₹8.77/-
- P/E Pre IPO
- 13.31
- P/E Post IPO
- 9.69
Returns
- ROE
- 120.91%
- ROCE
- 78.52%
- RoNW
- 75.36%
Fundamentals
- Debt / Equity
- 2.68
- Price / Book
- 1.09
Shree Marutinandan Tubes Limited Financials( In Lakhs)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 1,617.60 | 1,284.83 | 1,301.03 |
| Revenue | 4,722.58 | 4,718.49 | 3,597.28 |
| Profit After Tax | 201.76 | 6.01 | 13.30 |
| Net Worth | 267.74 | 65.98 | 59.98 |
| Reserves & Surplus | 247.24 | 45.48 | 39.48 |
| Total Borrowing | 716.90 | 688.89 | 795.31 |
Shree Marutinandan Tubes Limited Company & Offer Insights
About Shree Marutinandan Tubes Limited
Incorporated in 2013, Shree Marutinandan Tubes Limited dealing in Galvanized Tubes, Electrical Resistance Welded Mild Steel Tubes in varied specifications and sizes as 15NB to 1000 NB and Black Tubes and Solar Structural Tubes for areas that include Agriculture, Oil, Solar Energy, Healthcare, Housing, Irrigation, Engineering etc.
It does not manufacture equipment from the house; it takes manufacturing of its product in accordance with customer requirements and uses contract manufacturers from Shree Kamdhenu Machinery Private Limited for its work.
Besides these two machines, products are available such as potato harvesters, grading machines, hoppers, peanut destoners, tube winders, rotavators.
By 25th December, 2023, it employed 14 individuals.
Shree Marutinandan Tubes Limited Promoter(s)
Mr. Vikram Shivratan Sharma, Mr. Bharat Shivratan Sharma, Mrs. Kusumlata Shivratan Sharma are the company's promoters of Shree Marutinandan Tubes Limited.
Shree Marutinandan Tubes Limited IPO Issue Objectives
- •
- To Meet Incremental Working Capital Requirements
- •
- General Corporate Purpose
- •
- To meet Public Issue Expenses.
Shree Marutinandan Tubes Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Shree Marutinandan Tubes Limited | 8.2 | N/A | 130.6 | 17.44 | 75.36 | 1.09 | Standalone |
| Swastik Tubes Limited | 4.53 | N/A | 89.67 | 17.51 | 4.4 | N/A | Standalone |
| Hi Tech Pipes Limited | 2.35 | N/A | 28.09 | 33.98 | 7.87 | N/A | Standalone |
| APL Apollo Tubes Limited | 18.47 | N/A | 13.25 | 65.26 | 19.91 | N/A | Standalone |
Notes:
- Basic & diluted Earnings per share (EPS) is calculated on the weighted average number of shares after considering the Bonus Issue of Shares.
- Price Earning (P/E) Ratio is in relation to the offer price of ₹143.00 per share for the issue company and for peer companies, based on prices as of March 31, 2023.
- The face value of Equity Shares of our Company is ₹10 per Equity Share, and the issue price is 14.30 times the face value.
- The issue price of ₹143.00 is determined by our Company in consultation with the Lead Manager and is justified based on the above accounting ratios.
Contact Information
Contact Details
Shree Marutinandan Tubes Limited
+91 079-29795873
https://www.shreemarutitubes.com/index.php
A-21, Second Floor, Amrapali Complex, S.P Ring Road, Bopal, Ahmedabad – 380058
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Shree Marutinandan Tubes Limited IPO is a Fixed Priced IPO worth ₹14.3 crore. The issue price is ₹143 per share (fixed price). The IPO opens on Jan 12, 2024 and closes on Jan 16, 2024. It will be listed on BSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The issue price of Shree Marutinandan Tubes Limited IPO is ₹143 per share (fixed price).
The lot size of Shree Marutinandan Tubes Limited IPO is 1000 shares.
The minimum investment for Shree Marutinandan Tubes Limited IPO is approximately ₹1,43,000 based on the issue price .
Shree Marutinandan Tubes Limited IPO opens on Jan 12, 2024 and closes on Jan 16, 2024.
The allotment date of Shree Marutinandan Tubes Limited IPO is Jan 17, 2024.
Shree Marutinandan Tubes Limited IPO is expected to be listed on Jan 19, 2024, on BSE SME Platform.
Shree Marutinandan Tubes Limited IPO valuation snapshot: P/E 9.69, EPS ₹8.77/-, P/B 1.09, RoNW 75.36%, and market cap N/A.
To apply for Shree Marutinandan Tubes Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Shree Marutinandan Tubes Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Shree Marutinandan Tubes Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Shree Marutinandan Tubes Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Shree Marutinandan Tubes Limited IPO allotment status on IPO Ji for quick and easy access.